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Steps toward Achieving Sustainable Development Goals: The Role of Carbon Finance, Green Social Behaviour and Awareness, Energy Transition, and Government Governance in E7 Countries

Author

Listed:
  • Al-Rawashdeh, Firas

    (Department of Finance, Faculty of Business, The University of Jordan, Aqaba, Jordan)

  • Alnawaiseh, Mahmoud Barakat

    (Department of Business, School of Business, University of Jordan, Aqaba, Jordan)

  • Al-Faouri, Elham Hmoud

    (Department of Business Management, Faculty of Business, The University of Jordan, Aqaba, Jordan)

  • Altarawneh, Ramzi M.

    (Faculty of Art and Educational Science, Middle East University, Amman, Jordan)

  • Alsheyyab, Yaser

    (Costing and Network Economics at Orange Jordan, Amman, Jordan)

  • Mirzaliev, Sanjar

    (Department of Research and Innovations, Tashkent State University of Economics, Tashkent, Uzbekistan)

Abstract

Sustainable development goals (SDGs) have become necessary for societies around the globe, and this requires academic and regulatory attention. Therefore, this study assesses the role of carbon finance, government governance, green behaviour and awareness, and energy transition, such as electricity production from water and solar sources, in achieving SDGs in the E7 countries. Secondary data is taken from the OECD, central banks, and WDI, covering the period 2001-2020. Continuously updated full modified (CUP-FM) and continuously updated bias-corrected (CUP-BC) approaches are employed to find the associations between the variables. The outcomes indicate that carbon finance, government governance, green behaviour and awareness, and electricity production from water and solar sources have a positive connection to SDG achievement in the E7 countries. The research offers guidance for policymakers in developing Sustainable Development Goals (SDGs) policies utilizing carbon finance, effective government governance, and green behavior and awareness.

Suggested Citation

  • Al-Rawashdeh, Firas & Alnawaiseh, Mahmoud Barakat & Al-Faouri, Elham Hmoud & Altarawneh, Ramzi M. & Alsheyyab, Yaser & Mirzaliev, Sanjar, 2025. "Steps toward Achieving Sustainable Development Goals: The Role of Carbon Finance, Green Social Behaviour and Awareness, Energy Transition, and Government Governance in E7 Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 15(3), pages 120-129, April.
    • Handle: RePEc:eco:journ2:v:15:y:2025:i:3:id:18749
    DOI: 10.32479/ijeep.18749
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